SCHMIDT-SACKS UNIT
SCHMIDT-SACKS UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Torch Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 72,586 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $732K, with roughly $137K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 131 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was August 2024, at 595 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about SCHMIDT-SACKS UNIT
- Who operates SCHMIDT-SACKS UNIT?
- SCHMIDT-SACKS UNIT is operated by Torch Operating Company, Railroad Commission of Texas operator number 862594.
- Where is SCHMIDT-SACKS UNIT?
- SCHMIDT-SACKS UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14286.
- Is SCHMIDT-SACKS UNIT still producing?
- SCHMIDT-SACKS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHMIDT-SACKS UNIT is August 2026.
- How much has SCHMIDT-SACKS UNIT produced?
- SCHMIDT-SACKS UNIT has reported 72,586 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SCHMIDT-SACKS UNIT worth?
- The remaining production from SCHMIDT-SACKS UNIT is estimated to be worth about $732K in total as of 26 August 2026, within a range of $571K to $893K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHMIDT-SACKS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCHMIDT-SACKS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHMIDT-SACKS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCHMIDT-SACKS UNIT generate in a year?
- SCHMIDT-SACKS UNIT is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHMIDT-SACKS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Torch Operating Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 14286 |
| Wellbores | 2 |
| Reported production | 72,586 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $732K |
Where SCHMIDT-SACKS UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.